Connection

popular articles

Fengate Inaugurates 160MW Prairie Switch Wind Project in Texas
Qualitas Energy Acquires 56.7 MW Wind Power Project in Germany
ADNOC reserves 40% of Ruwais LNG for Shell, Total, BP and Mitsui
The UK investigates 37 breaches of Russian oil sanctions
The United States Opens First Offshore Wind Lease Sale in the Gulf of Maine

Encavis acquires wind farm in Telšiai

In Telšiai, Lithuania, E energija and GE Energy Financial Services announce the sale of 100% of the shares of an onshore wind farm.

Please share:

In Telšiai, Lithuania, E energija and GE Energy Financial Services announce the sale of 100% of the shares of an onshore wind farm.

A wind farm in operation since 2016

In Telšiai, E energija and GE Energy Financial Services announce the sale of the 69MW wind farm to Encavis AG. The wind farm consists of 13 new generation 5.3MW Cypress turbines from GE Renewable Energy. In addition, this is the first wind farm of this size built and connected to the grid in Lithuania since 2016.

This acquisition is the first investment in a wind farm in Lithuania by Encavis AG. The electricity produced by the park increases the amount of domestic wind electricity produced in Lithuania compared to 2021. The Telšiai wind farm is responsible for a 17% increase.

In addition, E energija Group will partner with Encavis as a commercial and technical asset manager. Thus, the company will ensure the efficient operation of the wind farm with General Electric Lithuania. In fact, General Electric Lithuania provides full service for a period of 30 years.

A construction without state aid

Gediminas Uloza, CEO of E energija Group, says:

“We are delighted to partner with Encavis, a European leader in IPPs. Working closely with Encavis, E energija Group will further ensure the reliable operation of the wind farm and use its expertise to expand its portfolio with more renewable energy projects. This agreement with Encavis will allow us to move forward with the development of larger scale projects and contribute even more significantly to building an energy independent future for our country and mitigating climate change.”

E energija and GE Energy Financial Services developed the project in Telšiai as partners of the wind farm project company. Moreover, it was the first wind farm built without state aid or feed-in tariffs (FiT) in Lithuania.

Fabio Borba, CEO of GE Energy Financial Services, said:

“The development of this project has been a cross-border effort and a partnership with E energija. We are delighted to invest in such a landmark project and play an important role through direct equity investment to accelerate the energy transition in Lithuania. We look forward to helping our customers decarbonize across Europe through financial and technology solutions.”

In the municipality of Tryškiai, near the Telšiai wind farm, E energija also invested in a service center. Thus, it serves as an office for the employees of General Electric Lithuania and E energija who maintain the wind farm.

In the Telšiai region, the E energija Group plans to build at least 200MW of additional wind power projects. In addition, the company also plans to develop 200MW of solar projects. Thus, in total, the company aims to develop up to 2000MW of projects in Lithuania and neighboring countries in the next five years.

Register free of charge for uninterrupted access.

Publicite

Latest news

United States: Enlight Announces $550 Million Financing for Solar Project in Arizona
Germany Approves Elimination of Cross-Border Gas Tax by 2025
Australia Projects 163 Million Tons of Metallurgical Coal Exports for 2024-25
A waste-based sustainable aviation fuel (SAF) project launched in Indonesia
The United States approves a 2.4 GW offshore wind project in Massachusetts

Recently published in

The United States approves a 2.4 GW offshore wind project in Massachusetts

The Biden-Harris administration has approved an offshore wind project in Massachusetts, targeting 2.4 GW capacity to power 840,000 homes.
Germany modernizes its wind farms with tripled capacity
Novo Holdings and European Energy are modernizing 17 wind farms in Germany to triple their capacity to 1,100 GWh per year, supporting the energy transition and meeting growing demand.
en_1140999540
Germany modernizes its wind farms with tripled capacity
Novo Holdings and European Energy are modernizing 17 wind farms in Germany to triple their capacity to 1,100 GWh per year, supporting the energy transition and meeting growing demand.
en_1140999540
Scotland Adds 195 MW of Wind Energy and Storage Capacity with Boralex
Boralex enters a partnership in Scotland to develop a 145 MW wind energy project and a 50 MW energy storage system, strengthening the UK's renewable energy landscape.
en_1140997540
Scotland Adds 195 MW of Wind Energy and Storage Capacity with Boralex
Boralex enters a partnership in Scotland to develop a 145 MW wind energy project and a 50 MW energy storage system, strengthening the UK's renewable energy landscape.
en_1140997540
GE Vernova secures 2 GW contract for offshore wind connection in the Baltic Sea
The Ostwind 4 project, led by GE Vernova and 50Hertz, introduces 2 GW HVDC technology to connect offshore wind from the Baltic Sea to the German power grid.
en_1140944540
GE Vernova secures 2 GW contract for offshore wind connection in the Baltic Sea
The Ostwind 4 project, led by GE Vernova and 50Hertz, introduces 2 GW HVDC technology to connect offshore wind from the Baltic Sea to the German power grid.
en_1140944540

France: VALOREM and its partners finance an 18.9 MW wind farm in Lavausseau

In Nouvelle-Aquitaine, VALOREM, Bpifrance, and Crédit Agricole announce funding for an 18.9 MW wind farm in Lavausseau. The project aims to produce 43 GWh annually, supporting the region's energy transition.
Copenhagen Infrastructure Partners invests in a 495 MW wind project in Canada
Copenhagen Infrastructure Partners (CIP) acquires a majority stake in a 495 MW wind project in Canada, with economic impact and a strategy focused on green hydrogen for Europe.
en_1140933540
Copenhagen Infrastructure Partners invests in a 495 MW wind project in Canada
Copenhagen Infrastructure Partners (CIP) acquires a majority stake in a 495 MW wind project in Canada, with economic impact and a strategy focused on green hydrogen for Europe.
en_1140933540
700 million euros invested to connect offshore wind farms to the French power grid
A 700-million-euro project aims to connect two offshore wind farms to the national power grid, strengthening strategic energy infrastructure in France.
en_1140947540
700 million euros invested to connect offshore wind farms to the French power grid
A 700-million-euro project aims to connect two offshore wind farms to the national power grid, strengthening strategic energy infrastructure in France.
en_1140947540
Ørsted sells 50% of Greater Changhua 4 Offshore Wind Farm to Cathay Life Insurance
Ørsted announces an agreement with Cathay Life Insurance to sell 50% of the Greater Changhua 4 Offshore Wind Farm under construction in Taiwan, marking a key step in their strategic energy partnership.
en_1140929540
Ørsted sells 50% of Greater Changhua 4 Offshore Wind Farm to Cathay Life Insurance
Ørsted announces an agreement with Cathay Life Insurance to sell 50% of the Greater Changhua 4 Offshore Wind Farm under construction in Taiwan, marking a key step in their strategic energy partnership.
en_1140929540

Etermar Energia and Qair join forces to develop floating wind power in the Iberian Peninsula

Etermar Energia and Qair have signed an agreement to collaborate on floating offshore wind projects in the Iberian Peninsula, strengthening their strategic ambition in this rapidly expanding market.
ENERCON Returns to Romania with a 38 MW Wind Project
After 12 years of absence, ENERCON signs a contract for a 38 MW wind farm in Romania under the PNRR program.
en_1140900540
ENERCON Returns to Romania with a 38 MW Wind Project
After 12 years of absence, ENERCON signs a contract for a 38 MW wind farm in Romania under the PNRR program.
en_1140900540
The United Kingdom Reaches a Historic Milestone in Wind Power Production and Electricity Exports
With 22 GW produced in a single day, the United Kingdom asserts itself as a leader in wind power. The growth in its exports to Europe marks a strategic advance in the energy transition.
en_1140893540
The United Kingdom Reaches a Historic Milestone in Wind Power Production and Electricity Exports
With 22 GW produced in a single day, the United Kingdom asserts itself as a leader in wind power. The growth in its exports to Europe marks a strategic advance in the energy transition.
en_1140893540
Vestas secures a contract for the Inch Cape offshore wind project in Scotland
Vestas will supply 72 turbines for the Inch Cape offshore wind project in Scotland, a firm 1.1 GW contract signed with Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables.
en_1140902540
Vestas secures a contract for the Inch Cape offshore wind project in Scotland
Vestas will supply 72 turbines for the Inch Cape offshore wind project in Scotland, a firm 1.1 GW contract signed with Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables.
en_1140902540

US Plans New Offshore Wind Auction in Gulf of Mexico for 2026

Hecate Energy and Invenergy show interest in offshore wind projects in the Gulf of Mexico, prompting US authorities to schedule an auction for 2026 despite political and economic uncertainties.
Voltalia sells a 12 MW wind farm in Charente to CNR
Voltalia, an international renewable energy company, sells the La Faye wind farm in Charente to the Compagnie Nationale du Rhône (CNR) while ensuring its technical management through Greensolver.
en_1140809540
Voltalia sells a 12 MW wind farm in Charente to CNR
Voltalia, an international renewable energy company, sells the La Faye wind farm in Charente to the Compagnie Nationale du Rhône (CNR) while ensuring its technical management through Greensolver.
en_1140809540
Agreement Signed to Develop the First 102 MW Wind Farm in Khanh Hoa Province
Nexif Ratch Energy and Khanh Hoa Province have signed a memorandum of understanding to develop a 102 MW wind power project, marking a major step forward in diversifying the region's energy mix in Vietnam.
en_1140807540
Agreement Signed to Develop the First 102 MW Wind Farm in Khanh Hoa Province
Nexif Ratch Energy and Khanh Hoa Province have signed a memorandum of understanding to develop a 102 MW wind power project, marking a major step forward in diversifying the region's energy mix in Vietnam.
en_1140807540
Canada: B.C. launches 9 wind energy projects to power 500,000 homes
Nine wind energy projects approved in British Columbia will boost the power grid by 8%, generating 5,000 gigawatt-hours annually, equivalent to the consumption of 500,000 homes. Eight of these projects include 51% Indigenous ownership.
en_1140806540
Canada: B.C. launches 9 wind energy projects to power 500,000 homes
Nine wind energy projects approved in British Columbia will boost the power grid by 8%, generating 5,000 gigawatt-hours annually, equivalent to the consumption of 500,000 homes. Eight of these projects include 51% Indigenous ownership.
en_1140806540

No Offers for Denmark’s Largest Offshore Wind Farm

Despite its 6 GW potential, Denmark’s largest offshore wind project received no offers during the auction. This setback highlights the economic challenges facing the European wind energy sector.
The AfDB Funds a Historic 1.1 GW Wind Project in Egypt
The African Development Bank grants a $170 million loan for the Suez Wind Energy project. A strategic step to strengthen Egypt's leadership in renewable energy.
en_1140738540
The AfDB Funds a Historic 1.1 GW Wind Project in Egypt
The African Development Bank grants a $170 million loan for the Suez Wind Energy project. A strategic step to strengthen Egypt's leadership in renewable energy.
en_1140738540
MARA invests in a wind farm in Texas to support its mining operations
MARA Holdings acquires a wind farm in Texas with 114 MW capacity, aiming to reduce energy costs and optimize its ASIC equipment for cryptocurrency mining.
en_1140748540
MARA invests in a wind farm in Texas to support its mining operations
MARA Holdings acquires a wind farm in Texas with 114 MW capacity, aiming to reduce energy costs and optimize its ASIC equipment for cryptocurrency mining.
en_1140748540
Envision Energy invests in a wind turbine and energy storage factory in Kazakhstan
Envision Energy signs an agreement with Samruk Energy and Kazakhstan Utility Systems to launch a local manufacturing plant, aiming to strengthen Kazakhstan’s energy capacity and reduce dependency on imports.
en_1140699540
Envision Energy invests in a wind turbine and energy storage factory in Kazakhstan
Envision Energy signs an agreement with Samruk Energy and Kazakhstan Utility Systems to launch a local manufacturing plant, aiming to strengthen Kazakhstan’s energy capacity and reduce dependency on imports.
en_1140699540

Swedish Defense Blocks Offshore Wind Farms in the Baltic Sea

Offshore wind farm projects in the Baltic Sea are deemed incompatible with Sweden's national defense due to the disruptions they would cause to critical military sensors.
Masdar and Silk Road Fund partner to invest USD 2.8 billion in renewable energy
Masdar and Silk Road Fund sign a strategic agreement to co-invest up to USD 2.8 billion in renewable energy projects, targeting primarily developing countries as part of the global energy transition.
en_1140589540
Masdar and Silk Road Fund partner to invest USD 2.8 billion in renewable energy
Masdar and Silk Road Fund sign a strategic agreement to co-invest up to USD 2.8 billion in renewable energy projects, targeting primarily developing countries as part of the global energy transition.
en_1140589540
Statkraft inaugurates its first wind farms in Chile to address sustainable energy challenges
Statkraft marks a milestone by inaugurating three wind farms in the O'Higgins Region of Chile. This project, with a capacity exceeding 100 MW, symbolizes the renewable energy giant's growing commitment to South America.
en_1140576540
Statkraft inaugurates its first wind farms in Chile to address sustainable energy challenges
Statkraft marks a milestone by inaugurating three wind farms in the O'Higgins Region of Chile. This project, with a capacity exceeding 100 MW, symbolizes the renewable energy giant's growing commitment to South America.
en_1140576540
Octopus Energy and Skyborn: A Strategic Partnership for Offshore Wind in France
Octopus Energy, in partnership with Skyborn Renewables, qualifies for the ninth offshore wind tender in France. This collaboration marks a significant milestone for Octopus in its international renewable energy expansion.
en_1140503540
Octopus Energy and Skyborn: A Strategic Partnership for Offshore Wind in France
Octopus Energy, in partnership with Skyborn Renewables, qualifies for the ninth offshore wind tender in France. This collaboration marks a significant milestone for Octopus in its international renewable energy expansion.
en_1140503540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS